IndiaCSR News Network
In recognition of the Banks’ efforts in the responsible and sustainable space, YES BANK has been adjudged the first among financial institutions on the India leader-board at the CDP India 200 Climate Change Report 2014. With this recognition, YES BANK becomes the first and only bank in India to be a Climate Disclosure Leader for four consecutive years.
The Report was launched by Dr Kirit Parikh, Former Member, Planning Commission & Chairman, Integrated Research and Action for Development (IRADe) with Mr. Marcus Norton, Chief Partnerships Officer, CDP and Mr Ravi Singh, CEO, WWF India and presents a comprehensive analysis of action and strategy on climate change by Indian companies.
YES BANK scored 92 points out of the maximum 100 points, on the CDLI leader board, making it a joint 6th among 59 companies. As Climate Disclosure Leader, YES BANK was assessed on the level of action on climate change mitigation, adaptation and transparency.
Mr. Rana Kapoor, Managing Director & CEO, YES BANK and President, ASSOCHAM said, “We believe that climate change action needs immediate intervention and YES BANK is constantly working with its stakeholders on mitigation and adaption initiatives. YES BANK since its inception in 2004, has conceptualized and adopted Responsible Banking as one of its strategic pillars, and this recognition by the CDP is an endorsement of its sustained efforts towards climate change action.”
Speaking on the occasion, Ms. Namita Vikas, Senior President & Country Head – Responsible Banking, YES BANK said, “We are delighted to be highest ranked financial institution in Carbon Disclosure Leadership Index for 2014. This marks the 4th consecutive year that YES BANK is on this prestigious leader board & affirms its progress in integrating climate change imperatives into its business strategy. Through sustained leadership in renewable energy financing & achieving internal emissions reduction targets, we have been able to create a positive impact on climate change.”
YES BANK LIMITED: YES BANK, India’s fourth largest private sector Bank, is the outcome of the professional & entrepreneurial commitment of its Founder Rana Kapoor and his top management team, to establish a high quality, customer centric, service driven, private Indian Bank catering to the Future Businesses of India. YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. YES BANK has a knowledge driven approach to banking, and a superior customer experience for its retail, corporate and emerging corporate banking clients. YES BANK is steadily evolving as the Professionals’ Bank of India with the vision of “Building the Best Quality Bank of the World in India”.
CDP: CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.